Sep 26, 2012 6:00pm EDT
, i'm larry kudlow, this is the "kudlow report." mitt romney and president obama both hit the trail today as they battle through the key swing state of ohio. but incredibly, romney dialed back his position on tax cuts today. take a listen. >> by the way, don't be expecting a huge cut in taxes because i'm also going to lower deductions and exemptions. >> no meant no. wrong idea. people need a tax break. middle class people need a tax break. i said on this show and wrote in a column, your message should be lower
Sep 26, 2012 6:00am EDT
. but pointless, really. going to lose to the reds one way or another. >>> both president obama and mitt romney will be in ohio today. the story behind that swing state. >>> welcome back. take a look and you'll see that the dow futures are slightly higher. s&p futures up by close to two and a half. this comes after the market ended on its weakest levels of the day yesterday. yesterday was the worst day for the month of september for the dow. it was the worst day in two months for the nasdaq and it was the worst day in three months for the s&p 500. all of that kind of playing out overseas as well. in europe this morning, you are going to see some red arrows. a lot of concern about what's happening as protests pick up in spain, and you see more concerns coming in greece right now about austerity measures. the german dax is down by about 1.5%. the nikkei in japan was down by 2%. >>> in "sporting news," the atlanta braves are on their way to the postseason in. the boft the ninth against the marlins last night, freddy freeman connected and takes it to straight center for a walk-off homer. exciting.
Sep 26, 2012 7:00pm EDT
set. he's a failure, the family income has gone down $4,000 in 3 1/2 years under obama compared to $2,000 under george w. in eight years. >> because of that family income, that's not a made up number, that's a government number. i think both of these guys should be looking for permanent middle class tax cuts. permanent middle class tax cuts so that take-home pay will go up. i'll give you the last word. >> i found myself strangely agreeing with your plan to cut the middle class and take away the deductions and keep tax rates for people who make a lot of money like you and i fairly high. i think that makes abundant good sense. but we're forgetting one thing. the biggest challenge may be even more than anything is our debt and our deficit. and i think with governor romney and paul ryan figured out was they can't give $5 trillion worth of tax cuts and still eat into the deficit, which i think is our biggest national problem. >> i think -- >> you're right. he might be able to do it. he might be able to do it if they did your plan. >> i'm telling you. you know, you were a good tax break gov